Government

State of Illinois | Fox Valley Adult Transition Center

1329 N Lake St, Aurora, IL 60506

Listing Price: $2,245,300

Cap Rate
9.50%
Tenant Name
State of Illinois
Years Remaining On Lease
4.2
Gross SF
29,686
Guarantor
State Agency
Rentable SF
29,686
Price/Gross SF
$75.63
Lease Type
Gross Lease
Rent Per Square Feet
$9.29

Investment Overview

Marcus & Millichap is pleased to present the State of Illinois Fox Valley Adult Transition Center that has been operating at this location since 1972. It is a four-story structure with 40 resident rooms, with a capacity for 128 females. The tenant has four years remaining on a gross lease with one, five-year renewal option. The tenant is responsible for many expenses including, utilities, snow/ice removal, and janitorial services. This property is ideally situated on a signalized corner roughly a half-mile from the Interstate-88 interchange and adjacent to Amita Health Mercy Medical Center, as well as the State of Illinois Social Security Office. The hard corner of the subject property has potential for future development.

Investment Highlights

  • State of Illinois Facility for Women Providing a Positive Transition from Prison to Life in the Community | 40 Resident Rooms | 128 Resident Capacity
  • Four Years Remaining on Gross Lease
  • Tenant Responsible for Many Expenses Including Utilities, Snow/Ice Removal, and Janitorial Services
  • Long Operating History | The Transition Center has Been in Operation Since 1972
  • Hard-Corner of Property has Potential for Future Development
  • Densely Populated with 119,856 People Living Within a Three-Mile Radius
  • Half-Mile from Interstate 88 Interchange
  • Adjacent to the State of Illinois Social Security Office and AMITA Health Mercy Medical Center Aurora

Exclusively Listed By

Government

State of Illinois | Fox Valley Adult Transition Center

Listing Price: $2,245,300

Cap Rate
9.50%
Tenant Name
State of Illinois
Years Remaining On Lease
4.2
Gross SF
29,686
Guarantor
State Agency
Rentable SF
29,686
Price/Gross SF
$75.63
Lease Type
Gross Lease
Rent Per Square Feet
$9.29

Investment Highlights

  • State of Illinois Facility for Women Providing a Positive Transition from Prison to Life in the Community | 40 Resident Rooms | 128 Resident Capacity
  • Four Years Remaining on Gross Lease
  • Tenant Responsible for Many Expenses Including Utilities, Snow/Ice Removal, and Janitorial Services
  • Long Operating History | The Transition Center has Been in Operation Since 1972
  • Hard-Corner of Property has Potential for Future Development
  • Densely Populated with 119,856 People Living Within a Three-Mile Radius
  • Half-Mile from Interstate 88 Interchange
  • Adjacent to the State of Illinois Social Security Office and AMITA Health Mercy Medical Center Aurora

Investment Overview

Marcus & Millichap is pleased to present the State of Illinois Fox Valley Adult Transition Center that has been operating at this location since 1972. It is a four-story structure with 40 resident rooms, with a capacity for 128 females. The tenant has four years remaining on a gross lease with one, five-year renewal option. The tenant is responsible for many expenses including, utilities, snow/ice removal, and janitorial services. This property is ideally situated on a signalized corner roughly a half-mile from the Interstate-88 interchange and adjacent to Amita Health Mercy Medical Center, as well as the State of Illinois Social Security Office. The hard corner of the subject property has potential for future development.

Exclusively Listed By

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